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RBC raises BP price target to 700 (640) pence - 'sector perform'

A container ship near the Strait of Hormuz was attacked by an Iranian gunship early Wednesday, according to the UK Maritime Traffic Organization (UKMTO).

The ship was approached by a gunboat belonging to Iran’s Islamic Revolutionary Guard Corps (IRGC), which gave no radio warning before it “fired upon the vessel,” the maritime authority said. The attack caused “heavy damage to the bridge,” it added.

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President Donald Trump says the United States is extending ⁠the ⁠ceasefire with Iran until an Iranian ⁠proposal is ⁠submitted and discussions are concluded.

Tehran said earlier it will not negotiate under the “shadow of threats” or under a US naval blockade.

Trump EXTENDS Iran ceasefire again as he backs off bombing threat amid chaos among 'seriously fractured' Tehran leadership

Vance grounded at White House as Iran peace talks in turmoil and Trump declares: 'I expect to be bombing

Overland Shipments Expand as Gulf Exports Stall. Iraq has reopened the Rabia border crossing with Syria for the first time in over a decade as state oil marketer SOMO seeks to export some 650,000 metric tonnes of fuel oil during the closure of the Hormuz Strait via overland routes in Syria.

Beijing Softens Policy on Product Export Ban. Even though refined product exports from China fell to 320,000 tonnes in the first half of April, an almost 85% drop year-over-year, the country’s refiners still export transportation fuels to Southeast Asia and Australia, despite Beijing’s alleged export ban.

Kuwait Declares Force Majeure on Oil Exports. Kuwait’s national oil firm KPC has declared force majeure on its sales of crude oil and petroleum products, citing the lack of available ships for loading and damage from Iranian drone attacks on its refineries, having loaded only 3 tankers in April so far.

Seoul Launches Naphtha Subsidies. South Korea has pledged to subsidize the cost of the country’s naphtha imports, allocating $458 million to cover contracts signed over April-June 2026 to ease rising feedstock costs for the country’s petrochemical industries, 70% reliant on external inflows.

Norway Output Beats Forecasts in March. Norway’s combined oil and gas production jumped by almost 4% year-over-year to 4.35 million boe/d last month, beating the country’s Offshore Directorate’s own forecasts by 2.8% as upstream firms in the North Sea maximized crude output.

US Seizes Iranian Oil Tanker. The US Central Command reported the boarding and seizure of a VLCC in the Indian ocean, claiming the 2003-built Tifani was carrying Iranian oil in defiance of US sanctions and that it was stateless (the ship’s commercial manager is listed at a WeWork office in Mumbai).

Tuesday, April 21, 2026

The lack of progress in US-Iran talks and their continuous postponement (now to Wednesday) are keeping the oil market on tenterhooks, with Trump’s Tuesday comments about ‘not wanting to extend the truce further’ sending another wave of anxiety across market watchers. Trump’s two-week ceasefire deadline runs out Wednesday evening, with a potential upward spike towards $100 per barrel firmly on the cards for ICE Brent.

US Finalizes Third SPR Release Since Iran War Start. The US Department of Energy announced it had loaned 26.03 mln barrels of crude from the Strategic Petroleum Reserve to domestic refiners, including ExxonMobil, Marathon, and BP, taking the total volume of oil borrowed to 80 mln barrels.

Russia to Halt Kazakhstan's Pipeline Flows. Russia is set to halt all pipeline exports from Kazakhstan to Germany via the Druzhba pipeline from May 1, halting some 50,000 b/d of supplies, marking yet another escalation in the ongoing struggle over blocked Russian pipeline flows to Europe.

Algeria Launches New Exploration Drive. Algeria's upstream regulator Alnaft has launched a new oil licensing round for the North African producer, the 2nd auction of five planned up to 2028 that seeks to surpass the limited success of the 2025 round where only one block received more than one bid.

Trump Extends Russian Crude Waiver. The Trump administration renewed a waiver allowing third countries to buy Russian crude and refined products currently at sea for another month, through May 16, with the US Treasury citing the need to 'ensure oil is available to those who need it.

here's the latest

• ceasefire deadline looms: us president donald trump reiterated today that he does not want to extend the new iran ceasefire deadline of wednesday evening et and said he expects “to be bombing” if a deal isn’t reached.

• us-iran war talks: trump has projected confidence tehran would come to the table, although iranian officials have insisted otherwise. it’s unclear when vice president jd vance will leave for ****stan ahead of a potential second round of negotiations, according to sources, and ****stani mediators say iran has yet to confirm attendance.

• us boards vessel: the us defense department says it boarded a vessel, sanctioned for transporting iranian oil, overnight in the indian ocean. it came after iran called for the release of a cargo ship seized by the us navy on sunday, vowing to retaliate.

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Behave

Hi Clued he has already made a fool of himself

He needs a medical/ mental check asap

A normal person would not behaviour like that

US President Donald Trump says he is “ready to go” back to war with Iran if no deal is reached by the end of the ceasefire tomorrow.

Diplomatic efforts to end the US-Israel war on Iran remain uncertain, with Tehran saying it will not negotiate under the “shadow of threats” or under a US naval

Meoryou it will be very interesting the action this afternoon

Still waiting if Iran changes its mind about going to the meeting

The markets. are dismissing the probability of no meetings

They are trading on Trumps words which is unbelievable

Iranian MP

Iran’s MP Mohammad Reza Mohseni Sani, who sits on parliament’s National Security Commission, has cast further doubt on the prospects of talks with the US.

In comments carried by Iran’s Mehr news agency, he said “negotiations are not acceptable” in “the current situation”, accusing the US of being “overly demanding” and pursuing ulterior objectives for domestic benefit.

“Given the current conditions, recent aggressions and the history we have with the United States in previous negotiations, the next round of talks is, God willing, off the table,” he said.

Fleccy somethings not right that’s for sure

MADRID, April ​21 (Reuters) - ⁠Spain's antitrust ​watchdog CNMC said on ​Tuesday ‌it had ⁠closed investigations into ⁠BP, Cepsa, ​now known as Moeve, and Repsol ​after ‌finding they had not broken antitrust law.

CNMC ​launched the ‌investigations after two sector associations alleged ‌the companies had abused their dominant position ​and carried out collusive ‌practices to increase their market share ⁠through ⁠fuel price ‌rises during the ​Russian invasion ​of ‌Ukraine. (Reporting by Paolo Laudani; Editing by Andrew Heavens)

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